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Questcor Pharmaceuticals Inc. (QCOR) Weakens Further After Investigation News

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9/24/2012 9:46 AM ET

Questcor Pharmaceuticals Inc. (QCOR: Quote) announced Monday morning that it has become aware of a U.S. government investigation involving the Company's promotional practices.

Questcor Pharmaceuticals gapped open sharply lower Monday and has continued to fall in early trade. Shares are now down 9.07 at $21.06 on above average volume. The stock has dropped to a new low for the year.

Questcor Pharmaceuticals sank sharply on September 19th, following reports that Aetna (AET) dropped nearly all of its coverage of Questcor's H.P. Acthar Gel.

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by RTT Staff Writer

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